death benefit
noun Date: 1921 money payable to the beneficiary of a deceased

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • death benefit — n: money payable to the beneficiary of a deceased as a benefit (as under a policy of life or accident insurance or a pension plan) ◇ The right to death benefits is generally terminated in cases of fraud, as when an insured commits suicide after… …   Law dictionary

  • death benefit — ➔ benefit * * * death benefit UK US noun [C or U] ► INSURANCE money that a person s insurance or pension company pays to their family or another person when they die: »Please read these notes before completing the death benefit nomination form …   Financial and business terms

  • Death Benefit — The amount on a life insurance policy or pension that is payable to the beneficiary when the annuitant passes away. Also known as survivor benefit . A death benefit may be a percentage of the annuitant s pension. For example, a beneficiary might… …   Investment dictionary

  • death benefit — noun insurance or pension money payable to a beneficiary of a deceased • Hypernyms: ↑benefit • Hyponyms: ↑advance death benefit * * * noun, pl ⋯ fits [count] : money that an insurance company pays to the family of someone who has died because… …   Useful english dictionary

  • death benefit — death′ ben efit n. bus the amount of money payable to a beneficiary upon the death of the insured • Etymology: 1920–25 …   From formal English to slang

  • death benefit — / deθ ˌbenɪfɪt/ noun insurance benefit paid to the family of someone who dies in an accident at work …   Dictionary of banking and finance

  • death benefit — the amount of money to be paid under the terms of an insurance policy to the designated beneficiary upon the death of the insured. [1920 25] * * * …   Universalium

  • Accidental Death Benefit — The payment due to the beneficiary of an accidental death insurance policy, which is often a clause or a rider connected to a life insurance policy. The accidental death benefit is usually an amount paid in addition to the standard benefit… …   Investment dictionary

  • defined benefits lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme that is a defined benefit scheme may pay a defined benefits lump sum death benefit on a member s death. The scheme administrator must test the payment against the member s lifetime… …   Law dictionary

  • uncrystallised funds lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme that is a money purchase scheme may pay an uncrystallised funds lump sum death benefit on a member s death. The member must have died before reaching age 75. The uncrystallised funds …   Law dictionary

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